Briefly Explain the Best-Known Statistical Method,trend Extrapolation,used by Marketers to Develop

question 141

Essay

Briefly explain the best-known statistical method,trend extrapolation,used by marketers to develop a company's sales forecasts.In your explanation,explain the strengths and weaknesses of using this method.

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Definitions:

Pure Rate

In finance, often refers to the interest rate or yield on a security that is devoid of any risk, representing the cost of borrowing without the influence of risk factors.

Mortgage Loans

Loans secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty.

Corporate Profits

Corporate profits refer to the earnings of corporations after expenses and taxes have been deducted from revenues.

Labor Unions

Organizations formed by workers from related fields that work towards protecting their collective interests in terms of wages, working hours, and working conditions.